Thoughts on Not Establishing a Stockholding System for Enterprises

Wang Xiaoqiang and Ji Xiaoming

Chinese Economy, 1989, vol. 23, issue 1, 33-42

Abstract: The loss of control over consumption funds [in society] has compelled people, naturally, to turn their attention from macro to micro problems, and to the question of the enterprises' behavior. The idea of converting the enterprises' capitalization to a stockholding system is a logical assumption with regard to the desire to resolve the problem that there is no one representing the long-term interests of the enterprises.

Date: 1989
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